BADM Final Exam – Business Administration Study Guide, Key Concepts and Comprehensive
Review
We observed in class, and studies of successful entrepreneurs have shown, that they possess
certain characteristics that differentiate them from the average Joe like me. Which of the
following is characteristic of successful entrepreneurs? - ✔✔They have a higher level of risk
tolerance than most people.
One popular measure of a corporation's size is market ___________, often referred to in its
shorter form as "market cap". It is the aggregate market value of a company represented in
dollar amount. Since it represents the "market" value of a company, it is computed based on the
current market price of a share multiplied by the total number of outstanding shares. -
✔✔capitalization
The _____________ _____________ (two words), an influential group of some 200 corporate
CEOs headed by Chase's Jamie Dimon, met in August of 2019 to "redefine" the purpose of a
corporation to emphasize a commitment to all stakeholders, not just to stockholders. Critics
think the meeting and resulting statement of purpose were mostly for show and publicity. -
✔✔Business Roundtable
____________ _____________ is the administration of business practices to create the highest
level of efficiency possible within an organization. It is concerned with converting materials and
labor into goods and services as efficiently as possible to maximize the profit of an organization.
- ✔✔Operations management
In the BADM120 you learned of a particular source you could use to discover facts about the
nations of the world--facts ranging from population to economic to cultural. In particular we
observed figures from _________ ___________ (two words) regarding the per capita GDP of
China compared to that of the United States. - ✔✔World Factbook
, _______ (7 letters) is a term for matters regarding the acquisition and use of funds especially by
corporations and individuals. It includes the management, creation, and study of money and
investments. - ✔✔Finance
A central focus of corporate social responsibility demands on business is the environment. To
incentivize businesses to be good environmental stewards, ______ _______ (two c words) were
devised as a market-oriented mechanism to reduce greenhouse gas emissions. A company will
be fined for exceeding an emission standard but can earn "kudos" to sell (or keep) if it pollutes
at a level lower than the standard. - ✔✔carbon credits
Part of the overall management task is _____ ________ (HR) management--the division of a
business that is charged with finding, screening, recruiting, and training job applicants, as well
as administering employee-benefit programs. HR plays a key role in helping companies deal
with a fast-changing business environment and a greater demand for quality employees in the
21st centur - ✔✔human resource
Perhaps you can develop a product that is better than the SoapStandle, which entrepreneur Mr.
Gould sold for around _____. - ✔✔$5
The U.S. _________________________ (SEC four words) is an independent federal government
regulatory agency responsible for protecting investors, maintaining fair and orderly functioning
of the securities markets, and facilitating capital formation. It was created by Congress in 1934
as the first federal regulator of the securities markets. The SEC promotes full public disclosure,
protects investors against fraudulent and manipulative practices in the market, and monitors
corporate takeover actions in the United States. - ✔✔Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________ ___________ (SM in
our topics). That means helping their company find ways to be more competitive by crafting a
plan and putting it into practice. - ✔✔strategy management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - ✔✔place promotion
Review
We observed in class, and studies of successful entrepreneurs have shown, that they possess
certain characteristics that differentiate them from the average Joe like me. Which of the
following is characteristic of successful entrepreneurs? - ✔✔They have a higher level of risk
tolerance than most people.
One popular measure of a corporation's size is market ___________, often referred to in its
shorter form as "market cap". It is the aggregate market value of a company represented in
dollar amount. Since it represents the "market" value of a company, it is computed based on the
current market price of a share multiplied by the total number of outstanding shares. -
✔✔capitalization
The _____________ _____________ (two words), an influential group of some 200 corporate
CEOs headed by Chase's Jamie Dimon, met in August of 2019 to "redefine" the purpose of a
corporation to emphasize a commitment to all stakeholders, not just to stockholders. Critics
think the meeting and resulting statement of purpose were mostly for show and publicity. -
✔✔Business Roundtable
____________ _____________ is the administration of business practices to create the highest
level of efficiency possible within an organization. It is concerned with converting materials and
labor into goods and services as efficiently as possible to maximize the profit of an organization.
- ✔✔Operations management
In the BADM120 you learned of a particular source you could use to discover facts about the
nations of the world--facts ranging from population to economic to cultural. In particular we
observed figures from _________ ___________ (two words) regarding the per capita GDP of
China compared to that of the United States. - ✔✔World Factbook
, _______ (7 letters) is a term for matters regarding the acquisition and use of funds especially by
corporations and individuals. It includes the management, creation, and study of money and
investments. - ✔✔Finance
A central focus of corporate social responsibility demands on business is the environment. To
incentivize businesses to be good environmental stewards, ______ _______ (two c words) were
devised as a market-oriented mechanism to reduce greenhouse gas emissions. A company will
be fined for exceeding an emission standard but can earn "kudos" to sell (or keep) if it pollutes
at a level lower than the standard. - ✔✔carbon credits
Part of the overall management task is _____ ________ (HR) management--the division of a
business that is charged with finding, screening, recruiting, and training job applicants, as well
as administering employee-benefit programs. HR plays a key role in helping companies deal
with a fast-changing business environment and a greater demand for quality employees in the
21st centur - ✔✔human resource
Perhaps you can develop a product that is better than the SoapStandle, which entrepreneur Mr.
Gould sold for around _____. - ✔✔$5
The U.S. _________________________ (SEC four words) is an independent federal government
regulatory agency responsible for protecting investors, maintaining fair and orderly functioning
of the securities markets, and facilitating capital formation. It was created by Congress in 1934
as the first federal regulator of the securities markets. The SEC promotes full public disclosure,
protects investors against fraudulent and manipulative practices in the market, and monitors
corporate takeover actions in the United States. - ✔✔Securities and Exchange Commission
A corporation's top management is ultimately responsible for __________ ___________ (SM in
our topics). That means helping their company find ways to be more competitive by crafting a
plan and putting it into practice. - ✔✔strategy management
Name the shortest (number of letters) and the longest of the 4 P's of marketing. (no
punctuation one space between) - ✔✔place promotion
